Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The M&A Reps and Warranties Insurance Trap That Cost a Buyer $18 Million
Episode 124 of The Acquisition Talk examines the hidden risks of reps and warranties insurance in M&A. Lucas and Luna dissect a real-world case where a buyer relied on a $10 million R&W policy to cover post-close liabilities—only to discover the policy's 'known breach' exclusion voided coverage for an $18 million tax liability hidden in the target's old subsidiary. They walk through the specific policy language that tripped up the buyer, including the difference between 'knowledge' definitions and 'due diligence' carve-outs. Listeners learn why R&W…
The skinny
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